NICK TROW HAS LANDED AT FHP

FHP News

Fisher Hargreaves Proctor are pleased to announce the appointment of Nick Trow to the residential land team. Nick successfully completed his Estates Surveying degree at Nottingham Trent University in 2000. After a number of years working for residential developers Nick switched to the other side of the fence and was appointed residential land agent with King Sturge, Initially within the Birmingham office and later as head of department within the Nottingham office.

Nick commented:

“I am delighted to join Fisher Hargreaves Proctor after what has been a challenging time for the residential development sector. It is difficult to predict the immediate future for the housing market but the general consensus seems to be that it will be a year of two halves with prices stagnating during the first half of 2011 but with something of a recovery from the summer onwards. The Centre for Economics and Business predict more mortgage finance availability in the second half of the year coupled with the “Olympic effect” in 2012 will encourage house prices to rise. It is difficult to generalise as regional variations can distort the facts, London and the South East are likely to see good price growth where the North of England who have a higher percentage of public sector workers by comparison are more likely to see a price reduction. The East Midlands however has been one of the better performing regions according to statistics released by the Land Registry where the average cost of a home based on 14,395 transactions up to the end of 2010 show a 4.7% rise across the whole region. An article by the chief economist of the RICS reported a rise in the level of transactions in the UK from 847,000 in 2009 to 900,000 in 2010. It is considered that the level of transactions in 2011 will remain at a similar level or show a marginal increase.

Despite the difficult economic conditions there has been a sustained period of deal completions during the past 12 months particularly amongst the larger house builders. The signs for the coming year are very encouraging; there remains a strong appetite for land and almost without exception all developers spoken to have expressed a desire for more development land and have the funds in place to secure it. FHP is well placed to service these developer requirements as we are currently working on a number of exciting and significant development opportunities which we will be bringing to the market this year.”

“We also understand that the nature of buying land is changing. Restrictions on obtaining and the spending of funds in addition to changes to the planning system require ever more creative solutions to achieving the best possible outcome for both vendor and purchaser.

My aim therefore is to work closely with developers to gain an informed understanding of their individual requirements and to service them accordingly. My main focus will primarily be on residential disposals and acquisitions but also looking at care home, retirement, student, hotel, pub diner/restaurant and convenience store development opportunities

“I feel that the opportunity to work for the well established and respected name of FHP will help to further develop my career. This is an exciting opportunity for me, I think FHP’s entrepreneurial, friendly and highly professional approach to business is an environment that will enable me to thrive.”

For advice in respect to land acquisitions and disposals please contact Nick on 07887 787 891 or by email nick@fhp.co.uk.